/biz/ - Business & Finance

>>54178524
but he has a white profile picture sirs

Balaji is based. If you have not read the Network State yet you might as well be living in the stone age.

>>54178562
What's it about?

If it's about gay delusional retard shit like "people helping each other and creating an alternate society" then no thanks.

>>54178524
What a fucking retard I hope the guy takes him up on it

>>54178550
And he drives a Tesla, spraying drakkar noir everywhere, and wears matching brand name (nike probably) sports attire.

How would hyperinflation work in united states today? Wouldnt the fed have to double or triple the money supply? Weimar republic unabashedly printed as much money as they could get the suplies to physically print. Explain this to me like im an intelligent person who only has a surface level understanding of economics.
Also should i buy a house right now?

Reminder that the retards at Chainlink made him an advisor, and I have yet to hear him utter anything beneficial about LINK. Anyone associated with that project is automatically discarded

>>54179082
Everything is digitalized, so there's no physical constraints of that sort and they'll "print" as much digital USD as necessary to keep markets liquid. The game is a tug of war between extreme inflation and extreme deflation. Basically we'll keep bouncing between these two states until the Fed loses control and we enter either a hyperinflationary death spiral or a deflationary death spiral. Hard to say which will happen in the end since there's an argument for both.

>>54179082
>should i buy a house right now?
Should a buy a house in Weimar era Berlin?

>>54178562
>might as well be living in the stone age

Or the real world, any place other than your mother's basement

Permabears are hilarious. Yes you will be in fact correct, but you will blow up your account way before then

>>54179094
the (((influencers))) aren't allowed to talk about it because BUY BITCOIN RIGHT NOW IT'S GOING TO A MILLION DOLLARS GOY!!!

>>54179082
>Also should i buy a house right now?
Yes.
Real estate, gold and silver are the three conventional investments to buy when times of future inflation are expected. (Like today.)
Even if the rates are a bit high (they're not), they will come down and you can sign at a lower rate (depending on your state/country).
But real estate is a good place to store your money during inflation, and during deflation, it can often be borrowed against so that you can buy more real estate if you choose

I'll bet a million dollars that the US does enter hyperinflation.

They could unironically use kleros for this

>>54178606
like a nation state but a network state

>>54179082

The $100,000 bill already exists. The legal framework necessary to print more of these is already in place. M0 is only 5.2 Trillion. Print one for every household and the M0 would quadruple.

It's all digital anyway.

>>54179261
debt has to go, if they deflate somebody will come along and print

>>54178606
>If it's about gay delusional retard shit like "people helping each other and creating an alternate society" then no thanks.
yeah then don't read it. balaji is an adderall brained technotard. remember when he did a fucking 8 HOUR lex podcast? lmao

>>54179519
>real estate, gold, and silver
the younger generation is not buying those assets, i can assure you that
therefore, they are not the future
i dont doubt that they will go up, but doubt that they will outperform inflation by that much

alphass, zoomers and millenials are going to dump their inheritances into crypto
im pretty much all in, nothing else makes that much sense

>>54179261
can you describe this deflationary death spiral? I can see the hyperinflation, but not the other way around

What the fuck, he's unironically doing it

https://twitter.com/balajis/status/1636827051419389952

>>54180337
Yeah you can tell he's a HODLer. Start out with 2 million and end up with bag full of air

>>54179082
The trick here is that the fed has already printed that money and sent it overseas. Switzerland holds about 5 times as many US dollars as the US and China holds about 17 times as many dollars. If China suddenly decided it didn't want those dollars then it could send them all back to the US and the money supply would increase 18X without the fed doing anything.

>>54180274
go long on gamer girl bath water

You do consider ESG factors when you invest, right anon?

>>54181418
of course, I only invest in nuclear, social stratification and white governance

>>54179094
he's made a tweet or two about it and spoke at smartcon. he believes oracles are necessary for the network state to exist

>>54179276
Probably? As long as you buy it in West Berlin.

>>54178524
>Mises your joke entirely

>>54179082
>How would hyperinflation work in united states today? Wouldnt the fed have to double or triple the money supply?
They have already doubled the money supply since COVID started.

>>54178524
>All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation.
just wait until BTC maxis learn what smart contracts are

>>54179519
How the fuck is someone supposed to borrow against a house they just bought "even if there's deflation"? Is this advice for all those dudes who put down 50% down payments?

>>54181818
Yes totally. Once they learn what smart contracts are they’ll sell all their bitcoins for the thing I bought which is a smart contract thing because it is BETTER than BTC.

>>54181901
You would be borrowing against it in 5-10 years or whenever we're starting to get out of the recession, or while we're in the recession but have enough equity built up in the house, sorry I just assumed you would do the math on your own personal financial situation and fill in the blanks yourself. Like a normal person with agency would. My bad

>>54178524
Say I get a mortgage at $100k, two years pass and I sell it for $80k. Do I now owe the bank 20k, or do I still owe them $100k but now I have $80k to play with?

>>54179082
the fed could just QE print infinity, they aren't the treasury and have no limit to abide by

>>54183750
The fed authorizes the treasury to print. Lots of people say the fed is printing but that's not accurate. All MMT voodoo aside, the treasury can't just decide to infinity print.

>>54181418
Hot. Man women were so much better looking in the past. Would marry and have 8 kids with her. Us zoomers are screwed, hoes be ugly nao

>>54182332
Oh okay, so in this magical 5 - 10 year recession, assuming the value of your house hasn't dropped more than 5 - 10 years worth of payments. Nevermind the fact that all the money you could borrow at that point would be cash you could have invested if you didn't buy the house anyway. fuck you retard

>>54183949
nobody tell him

>>54180274
>outperform inflation
I don't disagree with your other points, but I don't think that outperforming is the goal.

>>54180329
If you know that everything will be worth less tomorrow, you hold on to the money that you have, which slows velocity and damages productivity. Also, if you have any debts, your assets become increasingly unable to hedge them, meaning that when you're liquidated, you're forced to sell at the worst moment possible, and also lower the market value for others. These become a feedback loop and economic activity locks up.

>>54181441
>Investing in South Africa.

>>54182766
Depends on your down payment and how much equity you've built.

>>54182766
Really? You owe them $100k - ($80k+however much you paid towards the mortgage)

>>54180337
Delusional. On what grounds does he predict it must happen in the next 90 days?

>>54183998
Look at a chart for home prices in the 1990s, that was a recession. Why am I even talking to you?

>>54184214
400 billion injected into banking system last week and 2 trillion poised to enter when credit suisse buckles. and even this will not be enough. 90 days might even be far longer than necessary

>>54178524
his retardation is viscerally disgusting

>>54178524
First they have to have a shared definition of 'hyperinflation' as there isn't really a tangible number you can point to.

Nevermind, he cucked out. It was just trash engagement farming.

>>54184524
he stated he's already taking the bet with two people, do you expect him to become a bookie and take all comers for this bet?

>>54184487
I think he's saying they will both give collateral to a custodian/escrow.

1 BTC on the commie's side
and $1,000,000 on balaji's side

And then whichever side is worth more in 90 days gets the pot.

>>54184524
Medlock is down.

>>54178524
>Market closed
>Credit crisis
>Krugman comes to power
Life moves pretty fast sometimes.

>>54184541
>>54184546
Interesting friends, now Novogratz is saying to not fade him. I'm kinda excited ngl

>>54183949
She's no one man, don't look her up, don't try and find out, just leave.

>>54184570
If they actually do it, Balaji will 100% lose. "muh hyperinflation" is such a stupid refrain from people who have no clue how the financial pipes work.

The best analogy I've ever seen for Libertarians is house cats. Fiercely confident in their own independence, yet without any knowledge or awareness of the very system they unknowingly depend on, that allows them to keep living.

Based fuck (((medlock)))

>>54184559
wtf is that chart

>>54184335
That's pocket change compared to the deflationary collapse in regional bank lending. M2 will keep going down.

>>54178524
>Hyperinflation in less than 90 days, making money worthless
>XRP lawsuit coming to a close, in favor, sending crypto up
>Banks rushing CBDC's
I think I get it now, well played great reset bros, well played...

>>54184759
An adaptation of some peoples' favorite moment in economy and political history.

>>54184725
Have you not been paying attention to anything the past 3 years?
>Hyperinflation aint gon happen
Hey dude look at how much money in circulation was printed recently. Also think about the FEDS only two options right now.

>>54184942
That is not money printing. Not new money in circulation. Midwit.

>>54178524
What a retard to suggest such a bet, only a fool would take it. ATH will be at least 1 year from now, not 90 days, AND 1 million is later than 1 year.

>>54184991
>>54184782
>>54184725
kek, I bet you were the same guys who were sounding the transitory inflation refrain along with powell

>>54185011
You may not have noticed, but there is a banking crisis going on. Money creation is grinding to a halt.

>>54184813
damn Hitler rugged Germany. what a jeet. no wonder he admired the Indians.

>>54184559
At least we get the 21st century Burger iteration of Hitler/Napoleon.

>>54184991
kek I’m being trolled theres no way someone this stupid browses this board.

>>54185104
Fed discount window is open. Borrowing went up 140.5b, putting total at 158.8b. Additional 11.9b borrowed from the BTFP. New tool created by Jerome. 142b, and I quote, "Includes loans that were extended to depository institutions established by the FDIC. The Federal Reserve's loans to these depository institutions are secured by the collateral and the FDIC provides repayment guarantees."

Meanwhile QT is ongoing. Treasuries FELL 7b and MBS (mortgage-backed securities) FELL 2b. Not QE, not money printing, and definitely not new money in circulation.

I thought you were a midwit at first but you're just a retard, okay then. You clearly have no idea how any of this works. You can literally look up the figures, it's all public.

>>54185255
>secured by the collateral
The collateral they didn't have to liquidate, forcing price discovery?

>>54184296
The 90s wasn't a recession. also, you explicitly claimed that buying a house prior to deflation allows you to borrow against said house, which is also false. the only way that's possible is if you dumped enough cash into it prior to its price deflating, which would still be less money than you would have had holding cash.

>>54178524
Can't wait until all of these Bitcoin pumpers get wiped out when it crashes

>>54185369
>collateral goes to the fed
>fed balance sheet grows
>fed sends banks cash
>cash sits on banks balance sheet or gets provided to customers who are withdrawing money
>fed is exchanging one type of money for another but no new money was created

>>54185412
also, stock owners are wiped out so it's actually deflation of liquidity

Bring it on. I want the cost of fast food and groceries to go lower again and my bills to. Shits gotten fucked. I remember getting two sausage biscuits and a small coffee from MCD's for 3.18. (tax included).

>>54185412
>Fed is purposely overpaying for collateral that would be worth significantly less if banks were forced to liquidate
>Cash is now circulating that would not have been otherwise
>Money supply available to the economy at large is now greater
>But it's not inflation because look the numbers we made up balanced
I imagine that it's your job to pretend that this is okay, so I'm not going to hold it against you that you're going to be aggravatingly stubborn about this, but none of your rationalizing is going to keep the CPI chart from growing a new bruise in the next few months.

>>54185551
I didn’t consider that, he was probably hired to make people think “oh everything is okay I’ll just keep my money in banks”
>>54185412
Hey retard you aren’t convincing anyone fiat is going into the trash. Enjoy your next check because it may very well be the last one worth jackshit. I’ll buy your wife for an ounce of silver or a Link and you’ll be okay with it considering you will have already lost your wits from the malnutrition.

>>54185580
>no rebuttal
>REEEEEEEEEEEE I'll buy your wife for 1 LINK
Concession accepted.

>>54185619
The fact you even have that image saved tells me everything I need to know.
>No rebuttal
Why would I try and debate someone when I know they won’t change their position? I’ve probably bantered with you on this site already.

>>54185412
>fed balance sheet grows
That's what most people mean by "QE". Bigger balance sheet means more base money in the system. However, I agree it is not QE for the technical reason that it likely will not result in expanding the broader money supply -- i.e., it can't be described as "easing". M2 is currently $21T, and money creation has ground to a halt in the regional banks, more than offsetting any borrowings from the discount window.

>>54178524
bitcoin go up very big sirs.

>>54184570
Didn't Novogratz shill ICP?

>>54185382
>The 90s wasn't a recession
k
>the only way that's possible is if you dumped enough cash into it
What if I told you were was another way? Would you shit your pants? Would you admit you're a cock sucker?

>>54178524
40:1 odds as BTC is worth ~26k
is this how probability works?

>>54184725
This retard is probably going to claim “hyperinflation” is 6-7%, and he’ll claim on the first bad (but not particularly unusual) cpi print that he “won” the bet.

>>54178524
So what is the best coin for taking your money of banks? Eth?

>>54184725
2009 called, they want you to stop using this tired as fuck line, and also to kill yourself

>>54178524
His opinions on AI are shit therefore his Bitcoin opinions might be shit too.

Only way to save the banks are to devalue USD. So they'll have enough to pay to their customers but the money they owe will worth less, since they are insolvent customers'll take it. USD devaluation will fuck the world up, everyone who think USD is a safe harbor will get rekt. How to profit from this?

>>54178524
He thinks he is winning because boomers are moving their money to the only crypto they can recognize on their new "fidelity crypto" to escape the collapsing banks

>>54180329
What he said >>54184081
This can (will) occur if the Fed were to decide to stop printing and/or raise the interest rates too high, and in principle they could decide to do this anytime. They won't though, because that would mean shooting themselves in the foot, so my bet is on them keeping the status quo, getting us higher and higher inflation until they can't contain it and we hyperinflate.

Why the fuck is every retarded fag saying balaji is betting on BTC will hit 1M in 90 days? Are they illiterate?

>>54188278
Ok I'm a dumbfuck he actually says btc will be over 1m in 90 days lol

I know people here hate Lex Fridman but I really recommend his interview of Balaji.
https://www.youtube.com/watch?v=VeH7qKZr0WI
It's a long watch but worth it if you want a legit outlook on the future. I listened to it over a few car trips. Balaji seems like a super-smart autist.

>>54189613
If there is a hell, it forces people to listen to 8 hour long Lex and Balaji podcasts on repeat.

>>54189399
You really are a dumb fuck lol, but I'm glad you got there bro. Keep it up.
And just to add.. it's not that BTC hits $1M by June-July but more so the USD has devalued 40 fold in comparison to the asset.
Either shit is getting absolutely crazy very soon or it's a burger of nothingess.

>>54189744
It's a bet that FedNow is going to be a digital currency that will not be the same as the US dollar thus allowing the US dollar to be devalued.

>>54185580
I wouldn't even say he's necessarily a shill, just that the company line is that this won't hit taxpayers so he's gonna toe it. It's just that it's a nakedly false assertion. The bank was gonna seize up and now it's not and there's zero chance that someone isn't paying for it, and there's also zero chance that if it's the banks that they won't pass that alog to the public. So the question is how. If this isn't the answer, there are others (but I think it is).

>>54188120
Robobloxkin

>>54189744
>it's not that BTC hits $1M by June-July but more so the USD has devalued 40 fold in comparison to the asset.
what does this mean for holders of other currencies? BTC will go up against USD by 100x but only up a bit against other currencies without (immediately) failing banks?
>t. AUD-holder

Btc-USDC to 1 million is completely possible. All it takes is for Bank Mellon New York to collapse and USDC will be worthless

This is either the most clear top signal ever or the vast majority of humanity is beyond fucked in just a month or two.

I'd lean on to the top signal side, but considering that his take is almost outright hated by a lot of people makes me slightly worried as well.

what if backing all deposits is effectively QE if everyone pulls their money?

Total deposits in the US are between $17T - $18T vs $5T money supply.

>>54190238
But USD is the global reserve currency. If it hyperinflates it affects everyone

>>54185676
LINK is for fucking faggots anon shut the fuck up already, a faggot weak coin for weak limp wristed faggots

>>54190429
who hurt you anon

>>54190500
Probably Celsius, Bancor, LINKPool, and FTX kekek

>>54190424
That was always the plan. Extract value from the whole flat world, then dump on every goy

>>54179718
Why not a trillion dollar coin

>>54187618
Again, no. See >>54184546

And further confirmed now.

Hyperinflation is unavoidable at this point. But BTC to 1M in 90 days is the same chauvinism as McAfee eating his dick on national TV
Fucking faggot won't deliver

>>54178524
sirs twitter posts are not legally binding good morning sir.

>>54190973
Sounds like they really are about to do it though

>>54189613
8 HOURS. WHAT THE FUCK

>>54179276
Of course, inflation means hard assets up, paper down

>all we need is a mutually agreed custodian who will still be there to settle

so like...a currency backed and regulated by a federal government?

>>54189613
Can't stand 10 minutes of TWO pretentious midwits jerking each other off, let alone 8 hours

Is there a reason I can’t post images?

>>54191697
It's because you touch yourself at night

You know what I realized?

Both people who blindly believe the government and those who yell that the world is gonna end soon (like in OPs) pic are retards. They are both acting on the same way in their own echo chambers and they gaslight everyone who doesn't share their opinion.

They can only think in black/white structures. There's no inbetween for them which is basically the sign of low and midwit IQ niggers.

>>54191967
>They are both acting on the same
*acting the same way

>>54191967
Balaji is definitely a 100 IQ midwit.

>>54179261
>>54178524
Honestly betting 1mil the USD doesn't hyperinflate is a pretty high IQ move. Even if you lose, you are paying out hyperinflated dollars. If you win you get non-inflated dollars.

>>54178524
If someone trust BTC that he agrees to bet $1Mil then I should accumulate altcoins like Zil, Nxra and Eth.

>>54193291
Depends on the terms of the bet. In this case, see >>54190840

So the person betting against hyperinflation pays 1 BTC, not USD.

It's not strictly speaking a "hyperinflation" bet, but a bet that 1 BTC = $1mil within 90 days. Clearly Balaji is going to lose, I can only imagine he's doing this for the engagement farming or whatever.

>>54184942
That happened three fucking years ago retard. I always hate when you dumb /pol/ faggots invade this board with your 65 IQ and shill a doomsday scenario that never fucking happens. You've been shouting everything is over for years, give it up Christ. The US is not hitting hyperinflation in 90 fucking days, they could "print" 100 trillion dollars and it still would not happen. You do not know how the economy functions, why do you shit up this board with your moronic opinions when you don't know anything?

>>54179082
My friend, a 12 pack of coke was $4.50 pre covid and it is now $8.50 a few years later. This is the actual definition of hyperinflation.

>>54179567
That was the initial joke that bilaji based his tweet on

>>54179261
>until the Fed loses control
the fed has infinite money and controls interest rates. with those two abilities, they have complete control of the USD even if an asteroid hits earth.

>>54184782
My friend, they're all locked up in 30 year mortgages. 70% of all mortgages are 30 year and an average of $1.6T a year are mortgages. This is literally a Ponzi scheme. Like the actual definition of one. You have to constantly increase the number of mortgages to ensure that you have the in the moment liquidity required for payroll. Particularly so now that treasuries are fucked up and retarded.

This is a no meme actual dangerous event. If there's no liquidity for the big guys (businesses) then they can't pay their people. If they can't pay their people, the dollar increases in value exponentially as the demand for it is sky high. Casual dollar holders become instantly rich.

Inversely if the fed and Treasury do pay back the non insured accounts you end up with inflation the world has never seen before as the reserve currency becomes worthless.

It could be that nothing happens. But, why not hedge both ways? Worst case scenario you have dollars and gold and silver and Bitcoin and a house and a car.

>>54193854
They can increase the amount of USD in circulation and they can adjust rates.

They are going to absolutely fuck everybody by printing.

Why can't he just say what he really means?

>>54193771
>posts a bunch of literal SHIT HOLES
Yea I saw that tweet as well

>>54184725

prices of basic foodstuffs in my regular shop have 2 or 3x in the last 3 years. what would you call it?

>>54178524
oh wow, another VC who believes he's god. I can't stand people like Balaji and Naval, they confuse luck with intelligence. These guys were nothing until crypto made them rich..

>>54194150
>These guys were nothing until crypto made them rich..
0 IQ or 200 IQ they did it and you didnt

>>54193977
>They are going to absolutely fuck everybody by printing.
yeah but it would be on purpose and they would still have control

I'm spending my 20% down payment on a home on Facial Feminization Surgery instead.

It's a crazy bet, but there is somebody out there knows something we don't (and aims to profit from it)

https://markets.businessinsider.com/news/stocks/stock-trader-50-cent-bets-market-volatility-vix-options-sp500-2023-2

>>54194389
shh

>>54180337
Where have I seen this before? I remember someone declaring that they'd cut their dick off if BTC wasn't 1 million in 2 years. He didn't cut his dick off, he necked himself instead.

>>54194926
He didn't kill himself.

>>54181901
These retards think they are lifehacking by being overleveraged on real state. Reality, real state isn't liquid, your ask price isn't real until you meet a buyer. The demographic pyrammid is inverting, thus less demand. They are food for the top dogs when they file for bankrupcty.

>>54183998
These retards think they are lifehacking by being overleveraged on real state. Reality, real state isn't liquid, your ask price isn't real until you meet a buyer. The demographic pyramid is inverting, thus less demand. They are food for the top dogs when they file for bankrupcty. There's always one cocky mong around here that thinks he's set for life because he has some fixed mortgages on some homes and thinks his scheme has no possible point of failure to ever hit.

>>54193699
Hello Jew! The holocaust is going to actually happen in your lifetime.

>>54183949
That is a man-woman, and as such you can't have 8 kids with her, zoomie

>>54195309
Get your fucking eyes checked.

>>54195575
no you, niggy

Pee bros wagmi

>>54193897
>This is a no meme actual dangerous event. If there's no liquidity for the big guys (businesses) then they can't pay their people. If they can't pay their people, the dollar increases in value exponentially as the demand for it is sky high. Casual dollar holders become instantly rich.
Exactly my point. The discount window borrowing will not be enough to offset the collapse in money printing at the regional bank level.

>>54196072
HOLY SHIT

>>54180274
Not all millennials are crypto-loving Reddit soifags. Some of us understand sound money

>>54194150

"Losers always whine about their best. Winners go home and fuck the prom queen.”

It largely doesn't matter whether it was luck or intelligence. They were massive winners. Losers stand on the sidelines and analyze why the winners don't actually count as winners.

Keep being poor.

>>54184335
Clown markets defy all logic and reasonable analysis. It could be three or four years before hyperinflation hits. Maybe longer. I doubt it, but it’s a possibility

>>54184559
Boy, 2041 is looking awfully “safe and effective” in that chart

>>54184725
Put your fedora back on

Very good mix of absolute loser brainlets and big-brained chads itt.

>>54196581
But which one is which

>>54194926
That was McAfee. I think he's secretly still alive

I think I missed this thread:
>>54191802
what’s the deal with the 0% treasuries?
flight to safety?

>>54191881
c’mon. there’s no way they really tweeted that, right?

>>54196437
Obviously u aren't one of em

just farted
pretty sure I just accidentally shit my pants, but I don’t wanna check
not gonna lie, it felt preddy gud

>>54197071
It's real. The espanol team are memers

>>54178524
>>54178562
>>54179041
>>54179094
>>54179451
>>54180381
>>54181818
>>54184524
>>54184541
>>54184546
>>54184570
>>54184725

This is why I don't come to biz you guys don't see when your getting played (hence the investment in Chainlink). The guys are just setting up some imagninary bet to get more attention to both of their twitter handles. You post it, people retweet it, coindesk article will follow etc. Fucking retards.

>>54197225
just tried to get chatGPT to write a sonnet for this, but those libtard niggers filtered it as “unethical”

>>54197421
your meds, anon

>>54197421
>paying $1m to be a PlanB-tier laughingstock.
how clever

>>54184725
lol based look at all the seething replies

>>54197585
i know, they should have just laughed at his low IQ housecat analogy

>>54179261
NOTHING EVER FUCKING HAPPENS

I'm taking his view seriously since there is so much seething. Think I'll buy some BTC and gold this weekend.

>>54178524
nothing really happens tho lol

>>54185412
>no new money was created
>>54185697
>likely will not result in expanding the broader money supply
Did nobody read the actual announcement??? They said the assets would be valued at par, not at market price. That is whole fucking point.
>your treasuries are worth 500Billion less than you bought for and you need liquidity???
>here, we'll take those as collateral for a loan at the value you paid for them
>this is supposedly not expanding the money supply
jfc read what they actually said

>>54200298
>this is supposedly not expanding the money supply
It's definitely expanding the base money supply (i.e, the Fed's balance sheet). But it's not enough to make up for the collapse of money printing by regional banks. So the broader monetary aggregates (M2 etc) will continue shrinking.

>>54184335
inflation is too much money chasing not enough goods. I understand how the Fed injections represent "too much money" but unless that money finds a way to chase not enough goods (e.g. it gets into the hands of normies who go buy shit at Wal-Mart) then hyperinflation cannot happen

>>54200461
crypto is unironically a hedge against inflation because it's something pointless that normies can buy with their extra money, which then takes the money out of circulation is they are just holding and not using crypto to spend with

>>54182766
People like you are why I stopped posting here, except when something extreme happens. But seeing who I'm sharing a board with, I think I'm better off on Twitter.